Chances are some of you may have received correspondence from EIIR trawlers suggeting you have been mis-sold your IVA. In reality these sorts were just trying to push you down the bankruptcy route (Where it might not necessarily be best advice) and charge a fee for the pleasure. Good news on that fr...

I'm not sure this is the correct place to post this and if it is, please feel free to move it to the appropriate section. I place it here as it in my opinion relates to a company I would call an EIIR trawler. The OFT have just issued the following statement re the above. The OFT has imposed requirem...

I wonder if your decision was prompted by receipt of correspondence suggesting that you had been mis sold an IVA or that you are a non homeowner and therefore have nothing to lose by going bankrupt?

Ah, beaten to it by the above post

I am aware of MCR and whilst I have not worked for them, I know of people who are currently there who I have worked with previously. I know if you're in the hands of them, you'll be in safe hands. If you haven't already committed, then there is no reason why your partner can't shop around. It is dif...

I have received such an e-mail and to be honest I am not entirely happy about it. Whoever has provided the list of people to contact has either shown little knowledge or a disregard of the people posting on this site or they have simply passed everybody's contact details over and said fire away. It ...

An IVA would affect your prospects if your name is above the door. If the debts referred to are joint and you enter in to a Voluntary Arrangement, then the other party to those debts, your ex, can still be pursued not only for their share of the debt, but for the full amount. It's awfully tricky hav...

If a person is in an IVA and dies, can the creditors request interest on the arrangement from date of starting the IVA? I believe the creditors can claim from the estate to the extent of 100p in the £ plus statutory interest, which is currently at 8% per annum. However, I'm rusty on statutory inter...

Sorry Cybus, i do not agree with your argument! I have a company credit card and use it very frequently (the last time being my Singapore trip). If any individual were to abuse the use of a company credit card-the first action that the company would take would be dismissal surely! To that end, spen...

I'm still going to stand by my original post on this point, unless that Company card is only made available for use at certain filling stations and garages. Otherwise it is additional credit that is available. Consider the position if the recipient of an unrestricted card went out and abused it on a...

I think you should inform the Supervisor of the arrangement as whilst it may not be a credit card in your name, it is still available credit. You may find that your IVA proposal prohibits additional credit without consent of the Supervisor.

You will have to review the terms of the policy.
There are some policies that allow a tax free lump sum to be drawn from them, but at 45, I believe your husband would be too young to take advantage of that.

Thanks for all your comments, once the meetimg had been held they told us verbally the outcome of the meeting but were not told that we could still withdraw the proposal. We never signed the amendments and sent them back although we did try and at least make some payments as we were under the impre...

My apologies - I was alwsays under the impression that you could pull out. Once the meeting has been held though, if you do not wish to accept it you can pull out then? I think in the instance of the opening post, Emma12 and her husband had indicated that they were not comfortable with the proposal...

I have to disagree with the comments above regarding the meeting of creditors. I believe that once it has been convened the meeting does have to be held. The outcome of the meeting is then reported to Court. That report would either say that the arrangement was approved; or the arrangement was rejec...

I don't think it is as straight forward as simply asking for a variation to the proposal. I do not believe that redundancy can be offered as a full and final settlement as it is a windfall, albeit a windfall some would gladly exchange for job security. Michael, I'm not quite sure your post comes acr...